Tenant "turnover" is the most expensive part of owning a rental unit.

"Turnover" is when your tenant leaves and a new tenant must be found.

Every time a resident moves out landlords incur expenses such as Vacancy + Leasing Fees + Utilities + Cleaning + Yard care + possibly paint & flooring.

$1,500 to $10,000 in expenses is possible. These expenses can be avoided by keeping tenants for another year at lease renewal time.

Does your property manager have a tenant retention program?